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Have the reasons behind the recent market decline been discovered?
The cryptocurrency-friendly bank, Silvergate's stock price closed at $5.72, a staggering drop of 57.72% in a single day, losing around 97.61% from its all-time high near $240 (December 31, 2021).
Previously, Silvergate's clients including Coinbase, Tether, Circle, Paxos, Crypto.com, Bitstamp, Cboe Digital Markets, LedgerX, Galaxy, and Gemini have announced the suspension of their cooperation with the bank. Circle has also announced the partial termination of their services with Silvergate. Additionally, MicroStrategy has clarified their relationship with Silvergate.
Previously, Silvergate's clients including Coinbase, Tether, Circle, Paxos, Crypto.com, Bitstamp, Cboe Digital Markets, LedgerX, Galaxy, and Gemini have announced the suspension of their cooperation with the bank. Circle has also announced the partial termination of their services with Silvergate. Additionally, MicroStrategy has clarified their relationship with Silvergate.
Despite countless lawsuits and an SEC war against crypto, #Bitcoin just crossed $31,000.
Meanwhile, the Regional Bank Index, $KRE, is down 11% over the last 2 weeks.
Treasury Secretary Yellen just said that more bank consolidation is likely.
Do markets know something we don’t?
Meanwhile, the Regional Bank Index, $KRE, is down 11% over the last 2 weeks.
Treasury Secretary Yellen just said that more bank consolidation is likely.
Do markets know something we don’t?
JUST IN:
The SEC has allowed for the launch of the first leveraged #Bitcoin
futures ETF in the United States Spot ETF soon?
The SEC has allowed for the launch of the first leveraged #Bitcoin
futures ETF in the United States Spot ETF soon?
🚨BREAKING:
Indian Govt 🇮🇳 has officially announced that all Crypto businesses would come under PMLA Act 2022. Now onwards Crypto Transactions will be reported, monitored, and screened, a great step for clarity on Crypto Regulations.
#cryptoindia
#bicasso
#buildtogether
Indian Govt 🇮🇳 has officially announced that all Crypto businesses would come under PMLA Act 2022. Now onwards Crypto Transactions will be reported, monitored, and screened, a great step for clarity on Crypto Regulations.
#cryptoindia
#bicasso
#buildtogether
BREAKING:‼️ #Mastercard has launched a #Bitcoin and crypto card that makes fiat payments using your cryptocurrency balance. 🙌 #Binance #bitcoin #crypto2023 #NationalBlockchain
Mt. Gox creditors may receive repayments from March 10 onward. 137,890 $BTC ($3B) unlock is coming soon!
Mt. Gox suspended withdrawals on Feb 7, 2014, when the price of $BTC was ~$800.
And the current price of $BTC is $22,575. Will creditors sell $BTC after receiving it?
Mt. Gox suspended withdrawals on Feb 7, 2014, when the price of $BTC was ~$800.
And the current price of $BTC is $22,575. Will creditors sell $BTC after receiving it?
Ripple to serve CBDCs for 20 central banks worldwide
Ripple’s senior vice president of customer success reveals that Ripple is discussing CBDCs with more than 20 central banks across the globe.
Senior vice president of customer success and managing director of APAC and MENA at Ripple explained that central bank digital currencies (CBDCs) are a key focus point in Ripple., and that the company is putting in all the effort necessary to be a key solution provider for Central banks looking to create their own CBDCs.
Additionally, during the week, Ripple confirmed it’s expanding its payment solution into Australia through its major partner Trianglo.
Senior vice president of customer success and managing director of APAC and MENA at Ripple explained that central bank digital currencies (CBDCs) are a key focus point in Ripple., and that the company is putting in all the effort necessary to be a key solution provider for Central banks looking to create their own CBDCs.
Additionally, during the week, Ripple confirmed it’s expanding its payment solution into Australia through its major partner Trianglo.
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